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Curtiss-Wright (Curtiss-Wright) Cyclically Adjusted PB Ratio : 5.53 (As of Apr. 27, 2024)


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What is Curtiss-Wright Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Curtiss-Wright's current share price is $254.01. Curtiss-Wright's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $45.93. Curtiss-Wright's Cyclically Adjusted PB Ratio for today is 5.53.

The historical rank and industry rank for Curtiss-Wright's Cyclically Adjusted PB Ratio or its related term are showing as below:

CW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.55   Med: 3.39   Max: 5.64
Current: 5.52

During the past years, Curtiss-Wright's highest Cyclically Adjusted PB Ratio was 5.64. The lowest was 1.55. And the median was 3.39.

CW's Cyclically Adjusted PB Ratio is ranked worse than
80.6% of 201 companies
in the Aerospace & Defense industry
Industry Median: 2.47 vs CW: 5.52

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Curtiss-Wright's adjusted book value per share data for the three months ended in Dec. 2023 was $60.949. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $45.93 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Curtiss-Wright Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Curtiss-Wright's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Curtiss-Wright Cyclically Adjusted PB Ratio Chart

Curtiss-Wright Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.26 3.33 3.57 3.91 4.85

Curtiss-Wright Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.91 4.01 4.10 4.29 4.85

Competitive Comparison of Curtiss-Wright's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, Curtiss-Wright's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Curtiss-Wright's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Curtiss-Wright's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Curtiss-Wright's Cyclically Adjusted PB Ratio falls into.



Curtiss-Wright Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Curtiss-Wright's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=254.01/45.93
=5.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Curtiss-Wright's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Curtiss-Wright's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=60.949/129.4194*129.4194
=60.949

Current CPI (Dec. 2023) = 129.4194.

Curtiss-Wright Quarterly Data

Book Value per Share CPI Adj_Book
201403 33.069 99.695 42.929
201406 33.958 100.560 43.704
201409 33.266 100.428 42.869
201412 30.862 99.070 40.316
201503 29.454 99.621 38.264
201506 30.018 100.684 38.585
201509 28.872 100.392 37.220
201512 28.135 99.792 36.488
201603 28.850 100.470 37.163
201606 28.685 101.688 36.508
201609 29.099 101.861 36.972
201612 29.225 101.863 37.131
201703 29.906 102.862 37.627
201706 31.564 103.349 39.526
201709 33.413 104.136 41.526
201712 34.626 104.011 43.085
201803 35.695 105.290 43.875
201806 35.835 106.317 43.622
201809 37.024 106.507 44.989
201812 35.789 105.998 43.697
201903 37.045 107.251 44.702
201906 38.681 108.070 46.323
201909 39.849 108.329 47.607
201912 41.574 108.420 49.626
202003 40.050 108.902 47.596
202006 41.219 108.767 49.045
202009 43.358 109.815 51.098
202012 43.688 109.897 51.449
202103 44.895 111.754 51.992
202106 46.357 114.631 52.337
202109 46.946 115.734 52.497
202112 47.479 117.630 52.238
202203 48.072 121.301 51.289
202206 48.659 125.017 50.373
202209 49.153 125.227 50.799
202212 51.783 125.222 53.519
202303 53.543 127.348 54.414
202306 55.841 128.729 56.141
202309 57.109 129.860 56.915
202312 60.949 129.419 60.949

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Curtiss-Wright  (NYSE:CW) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Curtiss-Wright Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Curtiss-Wright's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Curtiss-Wright (Curtiss-Wright) Business Description

Traded in Other Exchanges
Address
130 Harbour Place Drive, Suite 300, Davidson, NC, USA, 28036
Curtiss-Wright Corporation delivers engineered products and services to commercial, defence, power generation, and other industrial markets. It offers industrial vehicle components, control systems and weapons handling systems, pumps, valves, and other solutions. The diversified global company attempts to deliver products on high-performance platforms that require technical sophistication. It has three operating segments based on the markets serviced: Naval & Power which provides coolant pumps, power-dense compact motors, generators, secondary propulsion systems, pumps, pump seals, valves, control rod drive mechanisms, and fastening systems also generate the majority of revenue for the company; Its others segments are Aerospace & Industrial and Defense Electronics.
Executives
K Christopher Farkas officer: Corporate Controller C/O CURTISS-WRIGHT CORPORATION, 10 WATERVIEW BOULEVARD, PARSIPPANY NJ 07054
John C Watts officer: Vice President Bus Dev & Strat C/O CURTISS-WRIGHT CORPORATION, 130 HARBOUR PLACE DRIVE, DAVIDSON NC 28036
Lynn J Bamford director, officer: President and CEO 130 HARBOUR PLACE DRIVE, DAVIDSON NC 28036
Robert J Freda officer: Vice President and Treasurer C/O CURTISS-WRIGHT CORPORATION, 130 HARBOUR PLACE DRIVE, DAVIDSON NC 28036
Paul J Ferdenzi officer: Vice President - HR 10 WATERVIEW BOULEVARD, PARSIPPANY NJ 07054
David Charles Adams officer: Vice President C/O CURTISS-WRIGHT CORPORATION, 4 BECKER FARM ROAD, ROSELAND NJ 07068
Gary A Ogilby officer: VP & Corporate Controller C/O CURTISS-WRIGHT CORPORATION, 130 HARBOUR PLACE DRIVE, DAVIDSON NC 28036
Larry D Wyche director C/O CURTISS-WRIGHT CORPORATION, 130 HARBOUR PLACE DRIVE, DAVIDSON NC 28036
William F Moran director C/O CURTISS-WRIGHT CORPORATION, 130 HARBOUR PLACE DRIVE, DAVIDSON NC 28036
Kevin Rayment officer: Vice President and COO C/O CURTISS-WRIGHT CORPORATION, 130 HARBOUR PLACE DRIVE, DAVIDSON NC 28036
Anthony J Moraco director 1710 SAIC DRIVE, MCLEAN VA 22102
Tom P Quinly officer: Vice President C/O CURTISS-WRIGHT CORPORATION, 10 WATERVIEW BOULEVARD, PARSIPPANY NJ 07054
Harry Jakubowitz officer: Treasurer C/O CURTISS-WRIGHT CORPORATION, 4 BECKER FARM ROAD, ROSELAND NJ 07068
John B Nathman director C/O CURTISS-WRIGHT CORPORATION, 4 BECKER FARM ROAD, ROSELAND NJ 07068
Glenda J Minor director 17000 ROTUNDA DRIVE, DEARBORN MI 48120